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Updated 1 hour ago

First & Banks

VERIFIED

705 1st Ave SW Rochester, MN

Studio - 3 Bed
•
1 - 2 Bath

532 - 1,739 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,595 - $1,745
532 ft2
8 Available
Managed By: First & B of Rochester LLC
Unit 714
$1,745
Available Now
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Unit 722
$1,745
Available Now
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Unit 739
$1,745
Available Now
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Unit 318
$1,595
Available Now
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Unit 439
$1,595
Available Now
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Unit 322
$1,655
Available Now
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Unit 414
$1,655
Available Now
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Unit 514
$1,655
Available Now
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View Rented Units
Studio • 1 Bath
$1,845 - $1,995
711 ft2
12 Available
Managed By: First & B of Rochester LLC
Unit 602
$1,845
Available Now
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Unit 629
$1,845
Available Now
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Unit 702
$1,995
Available Now
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Unit 716
$1,995
Available Now
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Unit 729
$1,995
Available Now
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Unit 329
$1,845
Available Now
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Unit 402
$1,845
Available Now
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Unit 416
$1,845
Available Now
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Unit 429
$1,845
Available Now
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Unit 502
$1,845
Available Now
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Unit 516
$1,845
Available Now
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Unit 529
$1,845
Available Now
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View Rented Units
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1 Bed • 1 Bath
$1,790 - $1,990
707 ft2
56 Available
Managed By: First & B of Rochester LLC
Unit 613
$1,840
Available Now
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Unit 615
$1,840
Available Now
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Unit 617
$1,840
Available Now
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Unit 621
$1,840
Available Now
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Unit 627
$1,840
Available Now
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Unit 631
$1,840
Available Now
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Unit 633
$1,840
Available Now
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Unit 635
$1,840
Available Now
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Unit 628
$1,900
Available Now
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Unit 630
$1,900
Available Now
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Unit 640
$1,900
Available Now
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Unit 721
$1,990
Available Now
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Unit 723
$1,990
Available Now
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Unit 727
$1,990
Available Now
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Unit 728
$1,990
Available Now
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Unit 730
$1,990
Available Now
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Unit 731
$1,990
Available Now
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Unit 733
$1,990
Available Now
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Unit 735
$1,990
Available Now
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Unit 427
$1,790
Available Now
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Unit 431
$1,795
Available Now
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Unit 513
$1,840
Available Now
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Unit 515
$1,840
Available Now
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Unit 517
$1,840
Available Now
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Unit 518
$1,840
Available Now
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Unit 521
$1,840
Available Now
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Unit 523
$1,840
Available Now
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Unit 531
$1,840
Available Now
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Unit 533
$1,840
Available Now
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Unit 527
$1,840
Available Now
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Unit 313
$1,850
Available Now
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Unit 315
$1,850
Available Now
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Unit 317
$1,850
Available Now
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Unit 321
$1,850
Available Now
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Unit 323
$1,850
Available Now
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Unit 331
$1,850
Available Now
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Unit 335
$1,850
Available Now
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Unit 413
$1,850
Available Now
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Unit 417
$1,850
Available Now
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Unit 418
$1,850
Available Now
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Unit 421
$1,850
Available Now
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Unit 423
$1,850
Available Now
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Unit 433
$1,850
Available Now
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Unit 435
$1,850
Available Now
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Unit 526
$1,900
Available Now
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Unit 530
$1,900
Available Now
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Unit 540
$1,900
Available Now
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Unit 528
$1,900
Available Now
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Unit 326
$1,910
Available Now
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Unit 328
$1,910
Available Now
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Unit 330
$1,910
Available Now
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Unit 340
$1,910
Available Now
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Unit 426
$1,910
Available Now
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Unit 428
$1,910
Available Now
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Unit 430
$1,910
Available Now
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Unit 440
$1,910
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,865 - $1,925
696 ft2
15 Available
Managed By: First & B of Rochester LLC
Unit 607
$1,865
Available Now
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Unit 609
$1,865
Available Now
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Unit 632
$1,925
Available Now
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Unit 634
$1,925
Available Now
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Unit 307
$1,865
Available Now
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Unit 309
$1,865
Available Now
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Unit 407
$1,865
Available Now
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Unit 507
$1,865
Available Now
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Unit 509
$1,865
Available Now
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Unit 332
$1,925
Available Now
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Unit 334
$1,925
Available Now
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Unit 432
$1,925
Available Now
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Unit 434
$1,925
Available Now
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Unit 532
$1,925
Available Now
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Unit 534
$1,925
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,980 - $2,070
701 ft2
5 Available
Managed By: First & B of Rochester LLC
Unit 638
$1,980
Available Now
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Unit 738
$2,070
Available Now
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Unit 338
$1,980
Available Now
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Unit 438
$1,980
Available Now
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Unit 538
$1,980
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,995 - $2,085
753 ft2
14 Available
Managed By: First & B of Rochester LLC
Unit 604
$1,995
Available Now
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Unit 606
$1,995
Available Now
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Unit 608
$1,995
Available Now
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Unit 610
$1,995
Available Now
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Unit 706
$2,085
Available Now
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Unit 404
$1,995
Available Now
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Unit 406
$1,995
Available Now
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Unit 408
$1,995
Available Now
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Unit 410
$1,995
Available Now
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Unit 504
$1,995
Available Now
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Unit 506
$1,995
Available Now
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Unit 508
$1,995
Available Now
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Unit 510
$1,995
Available Now
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Unit 704
$2,085
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,995
772 ft2
2 Available
Managed By: First & B of Rochester LLC
Unit 611
$1,995
Available Now
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Unit 411
$1,995
Available Now
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View Rented Units
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2 Beds • 2 Bath
$2,710
1067 ft2
3 Available
Managed By: First & B of Rochester LLC
Unit 612
$2,710
Available Now
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Unit 412
$2,710
Available Now
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Unit 512
$2,710
Available Now
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View Rented Units
2 Beds • 2 Bath
$2,695 - $2,825
1084 ft2
5 Available
Managed By: First & B of Rochester LLC
Unit 641
$2,725
Available Now
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Unit 741
$2,825
Available Now
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Unit 441
$2,695
Available Now
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Unit 341
$2,725
Available Now
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Unit 541
$2,725
Available Now
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2 Beds • 2 Bath
$2,890 - $3,045
1203 ft2
7 Available
Managed By: First & B of Rochester LLC
Unit 625
$2,895
Available Now
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Unit 725
$3,045
Available Now
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Unit 325
$2,890
Available Now
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Unit 425
$2,890
Available Now
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Unit 525
$2,890
Available Now
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Unit 320
$2,990
Available Now
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Unit 420
$2,990
Available Now
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View Rented Units
2 Beds • 2 Bath
$2,990 - $3,005
1239 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 642
$3,005
Available Now
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Unit 442
$2,990
Available Now
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Unit 342
$3,005
Available Now
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Unit 542
$3,005
Available Now
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View Rented Units
2 Beds • 2 Bath
$3,100
1394 ft2
2 Available
Managed By: First & B of Rochester LLC
Unit 637
$3,100
Available Now
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Unit 537
$3,100
Available Now
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View Rented Units
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3 Beds • 2 Bath
$3,795
1280 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 636
$3,795
Available Now
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Unit 336
$3,795
Available Now
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Unit 436
$3,795
Available Now
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Unit 536
$3,795
Available Now
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3 Beds • 2 Bath
$3,195
1388 ft2
1 Available
Managed By: First & B of Rochester LLC
Unit 104
$3,195
Available Now
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3 Beds • 2 Bath
$3,875
1375 ft2
2 Available
Managed By: First & B of Rochester LLC
Unit 405
$3,875
Available Now
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Unit 505
$3,875
Available Now
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View Rented Units
Where you'll live
Street View
Map View
Satellite View
First & Banks
First & Banks
First & Banks
Amenities
Fitness Center
Bike Storage
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $500
Property details
Description

Find the ultimate home sanctuary in Rochester, MN. First & Banks offers spacious studio, 1, 2 and 3-bedroom apartments with sophisticated finishes and all-inclusive access to intentional on-site amenities. The property also features premium two-story walk-out units and seventh-floor penthouse units with upgraded finishes.
The pet-friendly community is located three blocks from the Mayo Clinic and within walking distance to downtown. Enjoy park views and access to walking paths, tennis courts, a playground and a recently completed aquatics center.
Unit features: elevated 9-foot ceilings, walk-in closets, in-home washer & dryer, upgraded painted cabinetry, open-concept living spaces and stainless steel appliance package. Select units have upgraded finishes and features.
Community amenities: fitness & yoga studio, third-story amenity deck with grilling stations and spa, grab-and-go mini market, grand lobby with dedicated mail and package room, bike storage, community clubroom with kitchen and fireplace, multi-sports simulator, pool table, outdoor courtyard, exclusive seventh-floor amenity deck and clubroom and makers crafting room.

Additional Details
Total Unit Count: 219
Last Updated: Updated 1 hour ago
Contact Number: (507) 516-1027 ext: 5
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Charter Communications 940.0 35.0
ViaSat, Inc. 100.0 3.0
Hiawatha Broadband Communications, Inc. 40.0 10.0
Hughes Network Systems, LLC 25.0 3.0
CenturyLink, Inc. 15.0 0.75
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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2 BR | Apr. 3, 2026
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1 - 2 BR | Available Now
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Jmm-holmes
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2nd Street Villas
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for First & Banks by bedroom type below.
Studio
Suggested income:
$64,800
per year
1 Bedroom
Suggested income:
$68,800
per year
2 Bedroom
Suggested income:
$110,500
per year
3 Bedroom
Suggested income:
$134,400
per year
Rent report

First & Banks Rent vs. Rochester Average

 First & Banks      Rochester Average
Studio
$1,799
$1,558
$0
$600
$1,200
$1,800
$2,400
1BR
$1,910
$1,683
$0
$650
$1,300
$1,950
$2,600
2BR
$3,069
$2,074
$0
$1,000
$2,000
$3,000
$4,000
3BR
$3,732
$2,333
$0
$1,250
$2,500
$3,750
$5,000

First & Banks is asking 15% more than the average studio apartment in Rochester.

If you upsized to an average priced Rochester 1 bedroom apartment, you would pay 7% more per month.

First & Banks provides 10% more square footage than the average Rochester studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
First & Banks
Studio $1,799 $2.80 $5,397
1BR $1,910 $2.70 $5,730
2BR $3,069 $2.50 $9,208
3BR $3,732 $2.80 $11,196
Rochester Average
Studio $1,558 $2.70 $4,674
1BR $1,683 $2.30 $5,050
2BR $2,074 $1.90 $6,223
3BR $2,333 $1.70 $6,999
4BR $3,304 $1.20 $9,912

Availability in Rochester

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 266 1BR units on the market in Rochester. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
9% 43% 40% 6% 2%
Available Units in Rochester
Studio 56
1BR 266
2BR 248
3BR 35
4BR 13
Location
Nearby College

Rochester Community And Technical College

Nearby Hospitals
Name Distance
Mayo Clinic Hospital Methodist Campus 0.59 mi.
Mayo Clinic Hospital Rochester St Mary's Campus 0.95 mi.
Olmsted Medical Center 1.31 mi.
Nearby Fire Stations
Name Distance
Rochester Fire Department 4.34 mi.
Rochester Airport Fire Department 4.34 mi.
Rochester Airport Fire Department 7.23 mi.
FAQs
Is this property currently leasing units?
Yes. There are 164 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 164 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 532 to 1,739 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,595 to $4,000. First & Banks has studio units available starting at $1,595, 1 bedroom units available starting at $1,790, 2 bedroom units available starting at $2,650, and 3 bedroom units available starting at $3,195.
Where is this property located?
This property is at 705 1st Ave SW in Rochester, MN. It's 0.4 miles southwest from the center of Rochester.
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